01464, Shirley, MA

The home equity and home prices in the 1464 zip code of Shirley, MA are very high. The median home value in this zip code is $569,000, which is more than double the national median home value of $217,500. Additionally, the percentage of homes in this zip code that are worth more than $1 million is also very high at 27%. This indicates that there are a lot of wealthy residents in this area who are able to invest a large amount of money into their homes.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of demand for property here. There are a number of affluent families living in this area and they want to buy homes that they can live in for years to come. Additionally, the local economy is strong and there is plenty of job growth available so people can afford to buy homes even if they don't have much money saved up.

However, not everyone benefits from these high home values. In fact, some residents may struggle to afford their own homes due to the increased cost of living. For example, if you make less than $75,000 a year you will likely struggle to afford a house in this zip code on your own. This means that many people who would like to live here cannot do so because they don't have enough money saved up or they can't qualify for a loan due to their income level.